Indian authorities raid shell companies across country
Prime Minister Narendra Modi
New Delhi - Arab Today
Indian authorities on Saturday raided hundreds of shell companies in a nationwide crackdown.
Sleuths of the country's Enforcement Directorate carried out searches across 100 locations, including the eastern cities of Kolkata and Patna, the northern city of Chandigarh, the western city of Ahmedabad, financial capital Mumbai and the Indian capital, sources said.
However, no one has yet been arrested by the Enforcement Directorate during the raids, a senior government official said.
The raids were conducted weeks after Prime Minister Narendra Modi's office is said to have identified more than 15,000 paper companies which do not conduct any operations but are used to launder money and evade taxes.
In a televised speech to the nation on Nov. 8, Modi announced the scrapping of currency notes of 500 rupees (7.5 U.S. dollars) and 1,000 rupees in a bid to curb the menace of black money and prevent circulation of fake notes among terrorists. (1 Indian rupee = 0.015 U.S. dollar)
Source: Xinhua
- Wednesday ,03 October GMT 04:30 2018 Russia, India to sign more than 20 document during Putin’s visit to India
GMT 13:30 2018 Friday ,05 October
Vladimir Putin and Modi begin talks in New DelhiGMT 04:30 2018 Wednesday ,03 October
Russia, India to sign more than 20 document during Putin’s visit to IndiaGMT 15:17 2018 Tuesday ,02 January
India buys missiles from Israel ahead of Netanyahu’s visitGMT 04:04 2017 Sunday ,24 December
Saudi-India ties take a leapGMT 17:42 2017 Tuesday ,12 December
UAE Embassy in New Delhi receives 88 wounded Yemenis
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard printGMT 08:47 2011 Tuesday ,14 June
Republicans pound Obama in first big debate
GMT 18:39 2017 Tuesday ,18 April
Chinese FM: China Welcomes US Role on Korean Peninsula Issue
GMT 03:38 2017 Tuesday ,01 August
Arab Summit to consider vital issues
GMT 06:06 2016 Sunday ,14 August
Final placing of women's singles tennis at Rio Olympics
GMT 08:59 2017 Wednesday ,22 February
Yemeni governmental troops attack Houthi sites in Nar Mountain
GMT 08:10 2017 Thursday ,11 May
Outcry over Netflix films prompts Cannes to change rules
GMT 13:37 2017 Monday ,27 November
Racing stun Top14 leaders Montpellier 26-0
GMT 07:11 2017 Tuesday ,28 February
SpaceX to send two tourists around Moon in 2018
GMT 09:10 2018 Sunday ,09 December
Canada’s detention of Huawei exec ‘vile in nature’GMT 07:35 2011 Wednesday ,01 June
Abu Dhabi children to enhance life skills with summer study programme
GMT 03:00 2018 Tuesday ,23 January
Zubair, Shehbaz discuss country’s situation
GMT 13:19 2017 Friday ,24 March
Sudan commends outstanding relations with South Korea, invites Korean companies and investors to Khartoum
GMT 12:49 2017 Friday ,03 March
Chief executive of Arabtec’s construction unit to step down
GMT 03:14 2017 Wednesday ,15 November
TV business to China's Hisense
GMT 10:06 2015 Friday ,25 September
Lupita Nyong’o in Alessandra Rich
GMT 15:25 2017 Wednesday ,08 February
Fillon makes appeal to voters, retains party backingGMT 23:53 2011 Saturday ,07 May
Jillian Michaels joins \'Doctors\' roster
GMT 08:51 2017 Wednesday ,08 February
Trump administration defends travel ban in court
GMT 22:20 2017 Thursday ,12 October
114 prisoners pardoned, 91 released on parole nationwide
GMT 10:32 2017 Monday ,22 May
Britain's EU 'no deal' threat is genuine: Davis
GMT 22:01 2017 Wednesday ,03 May
Israel arrests 12 Palestinians in occupied Jerusalem
GMT 05:21 2017 Sunday ,30 April
Abe cautions against Brexit regulation cliff edge
GMT 08:25 2017 Thursday ,12 January
Washington on adapting ‘Fences’ for film
GMT 03:18 2017 Sunday ,08 January
Nine things Obama will be remembered for
GMT 12:20 2016 Tuesday ,04 October
Nishikori survives scare in Tokyo opener
GMT 18:27 2017 Monday ,19 June
US Navy identifies all 7 sailors killed in Japan collision
GMT 19:04 2016 Tuesday ,16 August
Gold Rises in Asian Trade Tuesday
GMT 15:54 2017 Monday ,24 April
Prince Khalid on governorates tour
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor